Bitcoin ETFs

Hong Kong may soon approve major bitcoin and ether ETFs, reports suggest

April 13, 2024 1 min read

Hong Kong is poised to approve spot Bitcoin and Ether exchange-traded funds (ETFs) as soon as next week, with HashKey anticipated to be among the initial recipients of approval. The company recently enhanced its license with the Securities and Futures Commission (SFC), granting it the authority to oversee digital asset products for retail investors. HashKey has formed a partnership with Bosera International to promote the development and expansion of specific

The US Bitcoin ETFs experience net inflows of only $1.8 billion

January 30, 2024 1 min read

According to digital asset management firm CoinShares, withdrawals from Grayscale’s Bitcoin ETF (GBTC) have exceeded $5 billion since January 11, outpacing inflows into other funds. While the pace of daily redemptions has slowed over the last week, indicating a slowdown in sales, GBTC’s net outflows stand at $2.2 billion, while U.S. bitcoin ETFs saw net inflows of only $1.8 billion. According to CoinShares’ Chief of Research, James Butterfill, the slowdown

Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges

January 18, 2024 1 min read

Thailand‘s Securities and Exchange Commission (SEC) has declined to approve the trading of spot Bitcoin ETFs, indicating a cautious approach to these investment products. The decision comes after the recent approval of Bitcoin ETFs in the United States, including industry leader BlackRock. On January 17, local media reported that the Thai SEC is currently unprepared to support spot Bitcoin ETFs in the country. Despite the US approving 11 companies to